Baja Mining Gets Another $115 Million for Boleo
Copper – Mining Weekly reported that Baja Mining's Boleo project has received an additional $115 million from Korea Resources Corporation (Kores) to support ongoing construction.
Copper – Mining Weekly reported that Baja Mining's Boleo project has received an additional $115 million from Korea Resources Corporation (Kores) to support ongoing construction.
Cobalt – Mining Weekly reported that Baja Mining has received another cash injection, this time for $115 million, from Korea Resources Corporation (Kores) to support construction of its Boleo project in Mexico.
Manganese – Mining Weekly reported that there was a subcontractor employee death at Baja's Mexica California Sur Project, which is currently under investigation.
Shareholder activism is on the rise. In the mining sector, the problem is compounded by rising costs and bleak share prices.
Baja Mining, whose share price plummeted after an unexpected cost overrun, and Barkerville Gold Mines, which recently received a very positive updated NI 43-101 compliant indicated resource estimate, are two companies to keep an eye on during the second half of 2012.
Cobalt – Mining Weekly reported that Baja Mining (TSX:BAJ) reported an updated estimate of costs for the Boleo copper-cobalt-zinc project.
Cobalt – Reuters reported that Baja Mining (TSX:BAJ) has been granted a 45-day standstill from lenders as it looks to secure funding for the Boleo copper-cobalt-zinc project.
Cobalt – Reuters reported that Baja Mining (TSX:BAJ) slashed jobs at its headquarters following news it had trouble getting financing for the Boleo copper-cobalt-zinc project.
Cobalt – Reuters reported that Baja Mining's (TSX:BAJ) share price fell as the company struggled to secure funding for its Mexico-based Boleo project.
Cobalt – Mining Weekly reported that Baja Mining (TSX:BAJ) is seeking funding alternatives to keep its Boleo copper-cobalt-zine project going.
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